{"id":15306,"date":"2024-07-17T22:00:46","date_gmt":"2024-07-17T19:00:46","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=15306"},"modified":"2024-07-17T22:00:46","modified_gmt":"2024-07-17T19:00:46","slug":"economic-nationalism-at-the-rnc-clashes-with-trumps-pitch-to-donors","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=15306","title":{"rendered":"\u2018Economic nationalism\u2019 at the RNC clashes with Trump\u2019s pitch to donors"},"content":{"rendered":"

MILWAUKEE \u2014 Former president Donald Trump <\/b>is trying to present a more worker-friendly vision of <\/b>the Republican Party at this week\u2019s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans into populist themes that make some Republicans wary, he has told corporate leaders and major donors that he is the only bulwark against Democratic plans to raise taxes. Trump has even told wealthy backers that he needs their help to counter the financial heft of the unions that he is simultaneously trying to court. The convention has also showcased voices friendly to the nation\u2019s business elite.The two conflicting versions of the GOP\u2019s future leave unsettled exactly how the former president would try to balance his party\u2019s factions if he wins in November, probably setting up a reprise of the tensions over economic policy that characterized his first term.\u201cMaybe we are living through a political realignment. Maybe in 2028, Wall Street and the Chamber of Commerce will be solidly Democrat and labor unions will be solidly Republican, but I wouldn\u2019t bet on it,\u201d said Michael Strain, director of economic policy studies at the conservative American Enterprise Institute.End of carousel<\/span>A speech Monday by Teamsters President Sean O\u2019Brien was the most tangible sign yet of Trump\u2019s attempt to cast the party in a different light when it comes to the economy.\u201cWhen did you think you would see that at the Republican National Convention?\u201d Trump campaign senior <\/b>adviser Chris LaCivita asked <\/b>reporters <\/b>in Milwaukee on Tuesday, referring to O\u2019Brien\u2019s speech.Trump had been courting the Teamsters before the convention. <\/b>At a fundraiser this year at the Pierre hotel in New York, Trump told a room of billionaires, real estate executives and others that \u201cthe Teamsters really like me.\u201d He said he had \u201cused Teamsters all my life because of the concrete, all the concrete guys here are the Teamsters.\u201d\u201cI\u2019m going to get their vote anyway,\u201d Trump told the guests. \u201cThe workers are going to vote for me. They\u2019re not voting for that guy.\u201dBut most unions have endorsed President Biden for reelection this fall. Biden has also advanced populist economic themes while simultaneously raising huge sums of money from billionaire donors and other financial elites, although his policy agenda is much more in line with that of the union movement.O\u2019Brien didn\u2019t endorse Trump on Monday; the Teamsters have yet to back a candidate. One prominent Republican strategist close to some of the party\u2019s top donors, speaking on the condition of anonymity to provide a candid assessment, said that there was considerable grumbling about O\u2019Brien\u2019s convention speech. But those people were loath to say it publicly because they know Trump is looking to court the unions and win their voters, the strategist said.Trump\u2019s rhetoric among business elites, though, hasn\u2019t been as labor-friendly.At a Business Roundtable event in June, Trump told CEOs that he would cut their corporate taxes again, pleasing people in the room, according to donors, who spoke on the condition of anonymity to discuss private remarks. In several fundraisers this year, Trump encouraged the richest CEOs to write large checks to him because unions were giving so much to Democrats. At another fundraiser in Texas, he urged the richest donors to give because \u201cthe Democrats get the money from the unions, millions and millions of dollars.\u201dHe told them explicitly they needed to support him because he would lower their corporate taxes.Some mainstream party leaders say they\u2019re fine with this week\u2019s framing. Virginia Gov. Glenn Youngkin, a former private equity executive, is firmly rooted in the GOP\u2019s business-friendly traditions. But in an interview with The Washington Post in Milwaukee, he praised the choice of Sen. J.D. Vance (Ohio) as the vice-presidential candidate, pointing to his military service and up-by-the-bootstraps biography. Vance is viewed as closer to the party\u2019s populist wing.Youngkin said he does not see Vance\u2019s selection as a signal that the GOP is turning toward more populist economic policies \u2014 primarily because it\u2019s the president who sets the agenda, one that Youngkin <\/b>expects to be an extension of the first Trump administration, featuring more tax cuts and pared-back regulations.\u201cPresident Trump is going to set the direction of the country, and he\u2019s going to build a rip-roaring economy,\u201d Youngkin said. \u201cHe\u2019s done it before; he\u2019s going to do it again.\u201dZoomed out, the convention had plenty of room for corporate executives, too. Gary Cohn, a former Goldman Sachs executive who was one of Trump\u2019s top economic advisers in the White House, was seen milling about. Large corporations host nightly parties.In an interview with Bloomberg published Tuesday, Trump also called for cutting the corporate tax rate to 15 percent from 21 percent \u2014 something some of his advisers have said he would not try to do \u2014 while suggesting he could pick JP Morgan CEO Jamie Dimon, a billionaire, for treasury secretary.Many corporate interest groups, like the Chamber of Commerce and the Business Roundtable, have long been wary of parts of Trump\u2019s bedrock economic agenda, including ramping up the aggressive trade policy of his first term and cracking down on undocumented immigrants. On those points, Trump and Vance were already united before Vance joined the GOP ticket.And some <\/b>corporate-minded <\/b>Republicans fear that their ability to check Trump\u2019s most disruptive policies could wane. That might mean <\/b>Trump does less to pursue initiatives \u2014 such as repealing the Affordable Care Act or cutting food stamps \u2014 that were priorities of the last generation of GOP policymakers. Meanwhile, a second Trump White House would also probably take steps that are anathema to Wall Street-aligned Republicans, such as escalating a global trade war and implementing mass deportations.Trump put language in the Republican Party\u2019s platform that the GOP now supports tariffs, according to people familiar with the drafting.\u201cHe\u2019s all big government, big government \u2014 move beyond Reaganism, all that stuff,\u201d one Trump adviser, speaking on the condition of anonymity to share candid opinions, said of Vance. \u201cAnd now he\u2019s the heir apparent.\u201dTrump\u2019s first term was characterized by frequent disputes between two factions of the administration over economic policy: business-friendly Republicans, such as Treasury Secretary Steven Mnuchin and Larry Kudlow, Trump\u2019s top economic aide; and economic populists, such as strategist Stephen K. Bannon and trade advisers Peter Navarro and Bob Lighthizer, who pushed for greater confrontation with China.Trump liked to play the camps off each other, and he took some populist steps, including through higher tariffs on U.S. trade partners. But tariffs aside, <\/b>his policies overwhelmingly reflected the priorities of Mnuchin or <\/b>Kudlow, on everything from cutting corporate taxes, to appointing regulators friendly to Wall Street, to attempting to slash government spending on social programs.Both sides have jockeyed for influence since Trump left office, hoping for prime position in a potential second administration. But Vance\u2019s elevation may be the clearest signal that the economic populists are likely to have a greater say in the second term than they did in the first.Sen. Josh Hawley (R-Mo.) told The Post that Vance is an \u201carticulate spokesperson for what I call economic nationalism, economic populism, which is really about rebuilding American industry and protecting American jobs.\u201dHawley said he was optimistic that Trump would pursue this policy agenda if reelected, including by significantly expanding tariffs and even by embracing labor legislation that Republicans have traditionally opposed.\u201cThat\u2019s been nowhere in the Republican Party of my lifetime to date, so it\u2019s very significant,\u201d Hawley said. \u201cIf the Republican Party is going to be a true majority party \u2014 not just win an election here and there, but become a majority party \u2014 they\u2019re going to have to be the party of working people and blue-collar folks. And you\u2019re starting to see that reality sink in.\u201dO\u2019Brien\u2019s call for Republicans to shift policies to better support blue-collar workers went over well with at least one delegate: Ed Cox, an attorney with expertise in finance law, who also is chairman of the New York State Republican Party. Cox described himself as \u201cprobably one of the people in that convention center who negotiated a union contract.\u201d He said O\u2019Brien echoed the paradigm shift that Trump has signaled he wants to see.\u201cTrump has been very consistent,\u201d Cox said. \u201cThis is not a small change.\u201dIsaac Arnsdorf and Azi Paybarah contributed to this report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

MILWAUKEE \u2014 Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week\u2019s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":15307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[7667,492,4461,186,1221,8726,5663,3348,325,1002,486,10898,1240,6267,10893,6584,4498,4919,3399,5099,932,4117,11060,166,4704,4845,3686,716,26,1600,6117,3343,7726,4092,10752,10897,569,5576,4382,2817,4085,4081,415,4728,283,2987,9046,6072,1991,899,5525,28,4484,4770,5679,3940,2685,5327,7357,3504,411,2628,9597,11956,6141,393,4593,12060,7378,5328,4833,10097,4843,3360,3689,287,4428,5062,4620,1022,1005,4441,7558,3480,7967,1358,3961,1065,3358,4556,1183,468,618,1006,973,841,7254,11376,9705,10299,1774,1379,2343,255,293,3519,4928,457,165,6305,9204],"class_list":["post-15306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-assessment","tag-biden","tag-billionaires","tag-business","tag-campaign","tag-ceo","tag-chairman","tag-change","tag-check","tag-checks","tag-china","tag-choice","tag-clear","tag-commerce","tag-concrete","tag-confrontation","tag-corporate-tax","tag-corporate-tax-rate","tag-corporate-taxes","tag-corporations","tag-court","tag-democrats","tag-disputes","tag-donald-trump","tag-donors","tag-economic-agenda","tag-economic-policies","tag-economic-policy","tag-economy","tag-election","tag-event","tag-events","tag-extension","tag-factions","tag-fall","tag-fear","tag-finance","tag-fine","tag-food","tag-fundraiser","tag-fundraising","tag-future","tag-government","tag-government-spending","tag-guests","tag-hotel","tag-house","tag-immigrants","tag-industry","tag-interest","tag-interview","tag-jobs","tag-labor","tag-large-corporations","tag-law","tag-leaders","tag-legislation","tag-mainstream","tag-major-donors","tag-military","tag-military-service","tag-money","tag-move","tag-movement","tag-nationalism","tag-new-york","tag-office","tag-ohio","tag-parties","tag-party","tag-policy","tag-policymakers","tag-president","tag-president-biden","tag-private-equity","tag-real-estate","tag-regulations","tag-regulators","tag-report","tag-republican","tag-republicans","tag-service","tag-speech","tag-spending","tag-state","tag-support","tag-tariffs","tag-tax","tag-tax-cuts","tag-tax-rate","tag-taxes","tag-tensions","tag-top","tag-trade","tag-treasury","tag-trump","tag-trump-campaign","tag-unions","tag-vice","tag-vision","tag-vote","tag-voters","tag-voting","tag-wall-street","tag-war","tag-washington","tag-wealthy","tag-white","tag-white-house","tag-who","tag-workers"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n\u2018Economic 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